Posted on 08/04/2002 8:00:41 AM PDT by Commie Basher
Even if she's wrong, it explains why so many Jews remain hostile to Christianity, conservatism, and the GOP, despite their support of Israel.
I still say having Anna Nicole Smith as your pedicure customer is scarier.
Actually that's not what the nuns taught us in Catholic grammar school in the 1950's. Jew's and others persons sitting in darkness without Cross or Law could get into heaven based on "Baptism of Desire", i.e., trying lead a good life, rather than mere "Baptism of Water". If anything the obligations on believers was greater because God had chosen to let us in on the secret. But babies dying without Baptism were condemned forever to Limbo, where they would experience all the joys and pleasures of Heaven but be deprived the "Beatic Vision", the sight of God. Which is the worst that could happen to a just Pagan.
Goldberg has writen this review as if she drew the last straw and was the unlucky one chosen to clean the toilet.
The seething and derision is viseral. (wow, I like that) She does not seem to realize that when push comes to shove, the "radical right" will be the unwavering ally of the Jewish nation.
The more I read revealed more about the author than the book or series. I will give he a C+ for effort, a B- for slander and a A+++++ for writhing in pain.
I love the smell of fear in the morning.
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 2, 2002--Salon Media Group, Inc. (Nasdaq:SALNC - News), one of the Internet's leading media companies, announced today its operating results for the first quarter fiscal 2003. For the quarter ended June 30, 2002, Salon reported revenues of $972,000 versus $973,000 for the quarter ended June 30, 2001, representing a stabilization of revenues.
Net Loss Decreases Significantly
Salon's first quarter fiscal year 2003 net loss decreased 43% to $1.7 million or $0.12 per share versus $2.9 million or $0.22 per share in the first quarter of fiscal year 2002. First quarter fiscal year 2003 amounts decreased 16% after adjusting for a first quarter fiscal year 2002 non-cash charge of $0.8 million related to the write-down of long-lived assets, reflecting cost reduction efforts begun last year.
"Salon improved its operating results significantly during the June 2002 first quarter from a year ago, reducing our net loss 43% despite a flat revenue picture," said Michael O'Donnell, Salon's President and Chief Executive Officer. "We like the diversity of our revenue streams, with advertising accounting for 49% of revenues and paid subscriptions, a major initiative for Salon, increasing to 43% of revenues in the June quarter."
(Thousands) COMPARABLES
-------- ----------- ------------ ----------- ----------- -----------
1st QTR 1st QTR 4th QTR % Change % Change
Fiscal 2003 Fiscal 2002 Fiscal 2002 1Q03vs.1Q02 1Q03vs.4Q02
-------- ----------- ------------ ----------- ------------ -----------
Revenue $ 972 $ 973 $951 - +2%
-------- ----------- ------------ ----------- ------------ -----------
Net loss $1,663 $2,920 $1,353 +43% -23%
-------- ----------- ------------ ----------- ------------ -----------
On a pro forma basis (excluding amortization of intangibles, depreciation, non-cash advertising, stock-based compensation and the write-down of long-lived assets), Salon lost $1.0 million or $0.07 per share during the quarter, down from $1.6 million or $0.12 per share in the same period last year, a 36 percent improvement. Financial results for the current quarter reflect a continuing industry-wide weakness in advertising.
Advertising Sales
Advertising sales for the June 2002 first quarter of fiscal year 2003 at $0.5 million were down compared to first quarter fiscal year 2002 amounts at $0.6 million. Salon saw a sequential, two-percent increase from the advertising revenue reported in the quarter ending March 2002.
"Advertising sales seem to have bottomed out in the June 2002 quarter, and we're already seeing a pickup with orders booked for the September quarter. We had 31 advertisers running on Salon during the quarter and signed seven advertisers who were either new or returning to Salon after a long hiatus, including American Airlines, Marriott Hotels, Microsoft, The New York Times, Progressive Insurance, Las Vegas Convention Visitors Association, and Trip.com," said O'Donnell.
Salon's Subscription Business
Salon continues to enlarge the subscriber base for its paid subscription offerings, including Salon Premium, as well as Salon's two online communities, Table Talk and The Well. During the June 2002 quarter, Salon added 12,700 new paid subscribers, increasing the total number of paid subscribers to its three subscription services to 47,700, of which 42,300 remain as current subscribers. Compared to the year-ago period, paid subscriptions have grown 130% as a percentage of overall revenues for Salon.
"Paid subscriptions are a major priority for Salon. We're capitalizing on a new trend on the Internet and growing consumer acceptance for paid content," said O'Donnell. "We continue to aggressively promote Salon Premium, The Well and Table Talk to our large base of readers (over 3 million) each quarter."
Salon as of June 30th had a total of 42,300 active subscribers. "It's a very efficient strategy as we expend few "out of pocket" marketing dollars to promote our paid services directly to the Salon audience already coming to www.Salon.com," added O'Donnell.
"While new signups are important, renewals are key to any successful subscription business. We're experiencing Salon Premium renewal rates of 66%, a vast improvement from traditional print magazines," added O'Donnell. "We believe we can improve those renewal rates to 70% plus going forward."
Online Publishers Association consumer survey
According to a recent study by comScore & the Online Publishers Association in July 2002, a growing number of U.S. consumers are paying for online content. Consumer acceptance of paying for online content has increased 75% in the last year. Key findings from the study include:
Salon's Recent Financing
"Salon was working during the quarter on financing and successfully completed a July bridge loan of approximately $700,000," said O'Donnell. "We are seeking further financing, both a bank credit facility and equity investment to strengthen the company's balance sheet going forward."
This is what O'Reilly claims HE was taught in Roman Catholic school also.
I propose a way to settle the matter. How about we hear the words of JESUS CHRIST HIMSELF?
John 14: 6Jesus told him, "I am the way, the truth, and the life. No one can come to the Father except through me.
Pretty straightforward and clear.
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